DENTSPLY SIRONA (NASDAQ:XRAY) Issues FY24 Earnings Guidance

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $2.00-$2.10 for the period, compared to the consensus earnings per share estimate of $2.06. The company issued revenue guidance of $3.91-$3.97 billion, compared to the consensus revenue estimate of $4.00 billion.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Piper Sandler lifted their price target on DENTSPLY SIRONA from $31.00 to $35.00 and gave the company a neutral rating in a research note on Friday, January 12th. StockNews.com raised DENTSPLY SIRONA from a hold rating to a buy rating in a research note on Friday, January 19th. Barrington Research reissued an outperform rating and set a $41.00 price target on shares of DENTSPLY SIRONA in a research note on Thursday, April 18th. SVB Leerink started coverage on DENTSPLY SIRONA in a research note on Monday, February 26th. They set an outperform rating and a $42.00 price target on the stock. Finally, Leerink Partnrs reaffirmed an outperform rating on shares of DENTSPLY SIRONA in a research note on Monday, February 26th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $39.50.

DENTSPLY SIRONA Trading Down 6.0 %

Shares of DENTSPLY SIRONA stock traded down $1.80 during midday trading on Thursday, reaching $28.38. The company had a trading volume of 6,400,224 shares, compared to its average volume of 3,328,855. DENTSPLY SIRONA has a fifty-two week low of $26.27 and a fifty-two week high of $43.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.95. The stock has a fifty day moving average price of $32.24 and a 200 day moving average price of $32.73. The firm has a market cap of $5.88 billion, a PE ratio of -45.77, a P/E/G ratio of 1.21 and a beta of 1.00.

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. DENTSPLY SIRONA had a positive return on equity of 11.14% and a negative net margin of 3.33%. The firm had revenue of $953.00 million for the quarter, compared to analyst estimates of $969.45 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The company's revenue was down 2.6% compared to the same quarter last year. On average, equities analysts anticipate that DENTSPLY SIRONA will post 2.05 earnings per share for the current year.

DENTSPLY SIRONA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from DENTSPLY SIRONA's previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 2.26%. DENTSPLY SIRONA's payout ratio is -103.22%.

About DENTSPLY SIRONA

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.